I think MarketAxess Holdings Inc. ($MKTX) is a Possible Buy. It currently should be $630. Confident Investor Rating: Good
| Company name | MarketAxess Holdings Inc. |
| Stock ticker | MKTX |
| Live stock price | [stckqut]MKTX[/stckqut] |
| P/E compared to competitors | Fair |
MANAGEMENT EXECUTION
| Employee productivity | Good |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Good |
| EBITDA growth | Good |
| Price growth | Good |
| R&D growth | Poor |
| Income growth | Good |
| Assets growth | Fair |
| Return on Assets growth | Fair |
| Income / Rev growth | Poor |
| TWCA Plus | Good |
| Standard TWCA | Good |
| Weighted ann. stock price increase | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $773.06 |
| Target stock price (averages with growth) | $1561.12 |
| Target stock price (averages with no growth) | $1423.49 |
| Target stock price (manual assumptions) | $805.24 |
The following company description is from Reuters: https://finance.yahoo.com/quote/mktx/profile?p=mktx
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S. investment-grade corporate bonds, emerging markets and high-yield bonds, Eurobonds, U.S. agency bonds, municipal bonds, leveraged loans, and other fixed-income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including Composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers a range of pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was founded in 2000 and is headquartered in New York, New York.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in MarketAxess Holdings Inc. as long as the indicators that I describe in my book The Confident Investor are favorable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of MarketAxess Holdings Inc. calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $500.89
- Growth: 0.2
- Current EPS (TTM): $7
- P/E: 74.4533750357286
- Future EPS Calc: $17.41
- Future Stock Price Calc: $1296.84
- Target stock price: $805.23
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I hope that this makes you a Confident Investor.
